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Unit 16 Practice #1 - Business

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

What type of business person buys large amounts from factories and sells to retailers?

a)

vendor

b)

wholesaler

c)

trademark

2.

What do you call a person who sells a product?

a)

vendor

b)

wholesaler

c)

trademark

3.

If a product is able to be developed, it must have a _____________.

a)

trademark

b)

retail

c)

patent

4.

Who buys from a wholesaler in order to sell to consumers?

a)

trademark

b)

vendor

c)

patent

5.

What does you call an economic situation in which business activity is reduced?

a)

negotiation

b)

recession

c)

retail

6.

What is a part of something?

a)

retail

b)

sector

c)

trade

7.

What do you call a person who buys or sells in exchange for products or goods?

a)

trader

b)

trademark

c)

potential

8.

Trademarks are grades received for selling well.

a)

True

b)

False

9.

Vendors sell products.

a)

True

b)

False

10.

An idea with potential is completely useless.

a)

True

b)

False

11.

Negotiations are meant to lead to a compromise.

a)

True

b)

False

12.

Businesses like to retain customers.

a)

True

b)

False

13.

A larger corporation may buy a smaller business and merge the two together.

a)

True

b)

False

14.

A sector sells products.

a)

True

b)

False

15.

Walmart is an example of a retail business.

a)

True

b)

False